Crypto Strategist Predicts Parabolic Rise for Two Memecoins
Release: 2024/10/03 19:34 Reading: 551
- Original author：The Bit Journal
- Original source：https://thebitjournal.com/?p=48021
Bullish Sentiment Drives BONK's Surge, Potential for Overtaking PEPE
Crypto strategist Bluntz has expressed optimistic predictions for the Solana-based memecoin BONK amid recent market fluctuations. Bluntz asserts that BONK is in a bullish five-wave upward movement, presenting a significant investment opportunity.
BONK's Strong Bullish Outlook
Bluntz forecasts a potential surge in BONK's value to $0.000033, a significant gain from its current $0.000024 price point. The memecoin's recent recovery from a brief dip suggests further upside potential.
BONK vs. PEPE: A Memecoin Showdown
Bluntz believes that BONK is poised to surpass its competitor, PEPE. Analyzing the charts, he notes BONK's higher lows, indicating its potential to outperform the declining PEPE. This shift could mark a significant turning point in the memecoin market.
PEPE's Bullish Potential
Despite its recent dip, Bluntz remains bullish on PEPE. He views the correction phase as a buying opportunity. According to Elliott Wave Theory, PEPE is expected to undergo a fifth wave that could push its price towards $0.000013.
Positive Outlook for Memecoins
Bluntz's analysis indicates positive prospects for both BONK and PEPE. While BONK may gain an edge over PEPE, the latter still holds considerable upside potential. Both memecoins warrant attention as their price movements may shape the broader memecoin market.
Cautionary Note
As always, investors should exercise caution in the volatile cryptocurrency market and thoroughly assess risks before making investment decisions. Stay updated with The Bit Journal for the latest market insights.
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